Latest news with #EIUD
Zawya
a day ago
- Business
- Zawya
Egypt: EIUD's board greenlights EGP $296,045 capital raise
Arab Finance: The board members of Egyptians for Investment and Urban Development (EIUD) approved raising the issued and paid-up capital to EGP 165 million from EGP 150 million, according to a bourse disclosure. The company will increase its capital by EGP 15 million, distributed over 150 million shares, with a nominal value of EGP 0.10 per share. Accordingly, EIUD will distribute 1-for-10 bonus shares, financed from the retained earnings account for 2024, valued at EGP 17.531 million. Founded in 1998, the company is engaged in real estate development and construction projects. Its activities include investment in real estate, tourism, construction, land subdivision, tourist villages, hotels, restaurants and territorial division, real estate development.
Zawya
24-02-2025
- Business
- Zawya
Egypt: EIUD's profits soar 1,341% YoY in 2024
Egypt - Egyptians for Investment and Urban Development (EIUD) generated net profits after tax valued at EGP 14.997 million in 2024, an annual hike of 1,341% from EGP 1.040 million, according to the financial results. Earnings per share (EPS) increased to EGP 0.011 in 2024 from EGP 0.001 in 2023, while the total revenues hiked to EGP 28.380 million from EGP 6.118 million. Established in 1998, the company was established in 1998 under the name El Bonyan Co. for Real Estate and Construction and adopted its current name in 2009. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
